. We then investigate whether this effect is influenced by two key bank characteristics: securitization and bank capital … competition at the industry level lead to higher realized systemic risk. The results suggest that the use of securitization …

sheets to non-banks via increased securitization activity. As such, higher interest rates have the potential for unintended … sectors. In the past, this increased securitization activity was driven primarily byb private-label securitization. On the … cutting back on their securitization activity but expanding loans to the Federal Home Loan Bank system …

This paper examines the financial stability implications arising from securitization markets, with one eye on the past … industry developments in the years before the crisis. Emphasis is placed on the various ways in which securitization markets … securitization markets are then discussed, including a treatment of various regulatory initiatives, the operational infrastructure of …

securitization activity on loans' relative credit quality employing a uniquely detailed dataset from the euro-denominated syndicated … securitization, however, the credit quality of borrowers whose loans are securitized deteriorates by more than those in the control … group. We find tentative evidence suggesting that poorer performance by securitized loans might be linked to banks' reduced …